The content of this report will be updated with the latest scenarios based on the global COVID-19 Pandemic
The growth of Biometrics in India is projected to be huge on account of the proliferated uses of biometric devices in public as well as private sectors. The need for enhanced security and to authenticate the access to confidential data has made the use of biometric devices mandatory for better performance of the organization. The report segments the market by end-user and geography. The market’s end users include banking and financial firms, government, consumer electronics, defense, healthcare, home security and safety, transport and logistics, visa authentication services, commercial safety and security, and others (retail, hospitality, automobile and gaming). The report finds the major drivers for the face and voice biometrics market include growth in e-passport program, government support, biometrics in smartphones, use of biometric technology in banking and healthcare, extensive use in criminal identification, use of biometric technologies in election administration and growing need for large scale supervision at public meetings.
As for the key challenges standing in the way of market growth, the report finds that the fear of privacy intrusion and high cost of systems are greatly impacting vendors. On the other hand, there are several key opportunities for face and voice biometrics system in the e-commerce and cloud computing space, according to the report. Interoperability of biometrics system is one of the major burning issues in the market, in addition to the long time frame for implementation. The report also includes profiles of some major market players along with key challenges this industry is currently facing.